Home Markets News Weather

Cattle Made Gains for Friday

« Go Back

Live cattle futures came back from midday highs, but were still in positive territory after Friday trading, April cattle were up the most with $1.80 gains. Front month feeder cattle futures also closed up, with gains of $2.20 to $2.42. The 02/13 CME Feeder Cattle Index was 9 cents higher to $140.61. Live cattle spec traders were 33.11% less net long wk/wk, as 12,351 longs were liquidated from managed money traders on 02/11. Feeder cattle spec traders were more net short on Tuesday. Afternoon wholesale boxed beef prices were higher but tightened the Choice/Select Spread to $2.38. Choice boxes were up $1.64 to $208.09 cwt, while select boxes were $1.92 higher to $205.71 cwt. Cash trade for the week has been around $118-119, with dressed sales from $190 -$192. The USDA estimated FI cattle slaughter for the week through Saturday at 620,000 head, which is 9,000 head below last week but 12,000 more yr/yr. YTD cattle slaughter is estimated at 4.137 million head through Saturday, which is lower than last year having 4.150 million head at this point.

Feb 20 Cattle closed at $120.825, up $1.375,

Apr 20 Cattle closed at $120.325, up $1.800,

Jun 20 Cattle closed at $112.000, up $1.375,

Mar 20 Feeder Cattle closed at $138.525, up $2.200

Apr 20 Feeder Cattle closed at $141.375, up $2.425

May 20 Feeder Cattle closed at $143.200, up $2.375

---provided by Brugler Marketing & Management

« Go Back

Real-time Login
     Get Real-time Data
Edit Preferences      Refresh:   On   Off